Gold and silver fell sharply today, reversing from record highs as investors locked in profits following an extraordinary rally in precious metals. Gold dropped nearly 5% to around $5,100 after topping $5,500 a day earlier, while silver slid about 10% to near $107 after surging to $120 in early trading. The pullback wiped out an estimated $2.7 trillion in gold market value and roughly $800 billion in silver. Bitcoin also slid roughly 5%, falling back to around $85K, a level last seen in mid-December. At press time, metals had recovered modestly, with gold trading near $5,250 and silver around $112.